Recap: Independent Bank Q4 Earnings

Recap: Independent Bank Q4 Earnings

 

Independent Bank IBCP reported its Q4 earnings results on Thursday, January 27, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Also check out these insider trades in penny stocks

Earnings

Independent Bank missed estimated earnings by 10.77%, reporting an EPS of $0.58 versus an estimate of $0.65, which surprised analysts.

Revenue was up $3.29 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11, which was followed by a 0.09% increase in the share price the next day.

Here's a look at Independent Bank's past performance:

 

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020
EPS Estimate 0.62 0.67 0.58 0.61
EPS Actual 0.73 0.56 1 0.77
Revenue Estimate 31.64M 30.84M 31.41M 31.85M
Revenue Actual 33.80M 31.39M 30.28M 30.99M

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews